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4 years ago

2. What are some of the reasons people don’t manage their money well for the future?

2 answers:

5 0

Some of the reasons that people don't manage their money well is because they invest it wrongly. Also, some do not plan for their future and just buy anything they want. Another reason is that their income is less than there expenses.

Alecsey [184]4 years ago

4 0

reasons people don’t manage their money well for the future is that most of the peoples income is less than their expenditurs.an other reason is that some people have no idea about money management

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Saving money is a(n) ____________________, because it involves less consumption in the present, but the ability to consume more

Leto [7]

The correct answer is an Intertemporal choice.

Saving money is an Intertemporal choice. because it involves less consumption in the present, but the ability to consume more in the future. Its a personal choice which people make accordingly depending on their needs, money and time.

5 0

4 years ago

Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% ap

svetlana [45]

Answer:

The journal entry to record the sale :

Debit : Note Receivable $120000

Credit : Sales Revenue $120000

Explanation:

The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.

8 0

3 years ago

Trade policies Group of answer choices alter the trade balance because they alter imports of the country that implemented them.

a_sh-v [17]

Answer:

do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

Explanation:

Trade policy explains rules, regulations, and standards that are relevant to trade relations between two countries. Trade policy is also called the Commercial policy.

Trade policies do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

7 0

3 years ago

The balance of stockholder's equity at the beginning of the year and the end of the year was 70,000 and 60,000, respectively. Th

ivann1987 [24]

Answer: 12,000

Explanation:

Given that,

Stockholder's equity at the beginning of the year = 70,000

Stockholder's equity at the end of the year = 60,000

Dividends = 22,000

Net Income = Ending Balance + Dividends - Beginning Balance

= 60,000 + 22,000 - 70,000

= 12,000

Therefore, the net income for the year was 12,000.

6 0

3 years ago

Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are p

Akimi4 [234]

Answer:

Please find the detailed answer in the explanation section

Explanation:

1. Current ratio = Curren assets / Curren liabilities.

For Simon:

Current assets are:

Cash and cash equivalents $ 620

Short-term investments $3,690

Net receivables $992

Inventory $510

Other current assets $335

Total current assets $6,147

Current liabilities are:

Accounts payable $7,220

Short-term debt $1,270

Other current liabilities. $0

Total current liabilities $8,490

So current asset is $6,147/$8,490

0.72:1

For Garfunkel:

Current assets are:

Cash and cash equivalents $2,920

Short-term investments $0

Net receivables $1,330

Inventory $203

Other current assets $477

Total current assets $4,930

Current liabilities are:

Accounts payable $4,285

Short-term debt $1,028

Other current liabilities. $1,306

Total current liabilities $6,619

So current asset is $4,930/$6,619

0.74:1

1b Simon current asset is 0.72 while Garfunkel's own is 0.74

Therefore Garfunkel with 0.74 has a better current ratio

2a. Acid-test ratio = total current assets minus Inventory / total current liabilities

For Simon:

($6,147 - $510) / $8,490

=0.66:1

For Garfunkel:

($4,930 - $203) / $6,619

=0.71:1

2b. Garfunkel with 0.71 has a better acid-test ratio

6 0

3 years ago